Tupy acquires Teksid iron castings business from Fiat Chrysler for EUR 210M

Tupy S.A. has entered into a Share Purchase Agreement to acquire 100% of Teksid's iron castings business from Fiat Chrysler Automobiles for EUR 210 million. The acquisition includes operations in Brazil, Mexico, Poland, Portugal, China, and offices in the US and Italy.

“The Transaction will provide several benefits and synergies, enhancing Company´s competitiveness, including: (i) pooling structures for R&D and technical knowledge in advanced manufacturing; (ii) harnessing the Company‘s competencies related to machining process for Teksid‘s products, since it does ”ri.tupy.com.br

• 3 sources
• ri.tupy.com.brMaterial Fact - Acquisition of Iron Castings Business from Teksid S.p.A. - Tupy IRNov 20, 2019
• prnewswire.comTupy acquires Teksid´s cast iron components business from Fiat Chrysler AutomobilesTupy S.A.Dec 20, 2019
• autotechinsight.spglobal.comFiat Chrysler Automobiles agree to sell Teksid’s cast iron business to Brazilian supplier Tupy - Automotive Technology Insight | Forecasts | Industry News | Supply ChainDec 23, 2019

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